Amber Enterprises Q4 FY26 Results: Revenue Up 10%, Profit Jumps 16% — Full Financial Breakdown

By Kaushik Brahmakshatriya

Published On 18 May 2026.

Amber Enterprises Q4 FY26 Results

Amber Enterprises India Limited, India’s largest room air conditioner (RAC) original equipment manufacturer, has delivered a strong fourth-quarter performance for FY2025-26. The company reported a consolidated net profit of ₹134 crore in Q4 FY26, marking a growth of 16% from ₹116 crore in the same period last year. (Upstox) While the numbers looked healthy on the surface, the stock market told a different story — shares tumbled sharply on results day, raising eyebrows among investors.

Let us break down everything you need to know about Amber Enterprises Q4 FY26 results — the good, the concerning, and the road ahead.

Q4 FY26 Snapshot — Key Headline Numbers

The company’s revenue from operations advanced 10% to ₹4,146 crore in the January-to-March period, compared to ₹3,754 crore in the year-ago period. Operating profit (EBITDA) increased 21% to ₹357 crore against ₹295 crore in the corresponding period last year. EBITDA margin also expanded to 8.6%, compared to 7.8% in the year-ago period.

These are strong headline numbers — revenue growth, margin expansion, and profit growth all in double digits. Yet the stock fell sharply.

Q4 FY26 vs Q4 FY25 — Performance Comparison Table

Metric	Q4 FY25	Q4 FY26	YoY Change
Revenue from Operations	₹3,754 Cr	₹4,146 Cr	+10%
EBITDA	₹295 Cr	₹357 Cr	+21%
EBITDA Margin	7.8%	8.6%	+80 bps
Net Profit	₹116 Cr	₹134 Cr	+16%
Net Profit Margin	3.15%	3.90%	+75 bps

Full Year FY26 — Annual Financial Summary

The full-year picture was equally impressive on the revenue front. For the financial year ended March 31, 2026, Amber Enterprises recorded revenue of ₹12,186 crore, representing a 22% increase compared to the previous year. Operating EBITDA reached ₹970 crore, reflecting a 22% growth. The company’s adjusted PAT stood at ₹338 crore, showing a 22% improvement over the previous year.

However, the reported (unadjusted) net profit for the full year declined due to heavy losses at a joint venture entity. Adjusted PAT declined mainly due to heavy losses booked by one of its JVs due to unexpected and unforeseen developments outside and beyond the control of the JV entity — including challenges in certain legacy contracts and disputes raised by one of its largest customers, who suspended payments of all invoices, resulting in significant operational and financial stress.

FY26 Segment-Wise Revenue Performance

Segment	FY26 Revenue	YoY Growth
Consumer Durables	₹8,383 Cr	+14%
Electronics Division	~₹3,268 Cr	+49%
Railway Sub-system & Defence	~₹535 Cr	+19%

The electronics division continued its growth journey, recording revenue growth of 49% in FY26. The railway sub-systems and defence division recorded revenue growth of 19% in FY26.

The Electronics division is clearly emerging as Amber’s fastest-growing engine, fuelled by strategic acquisitions and expanding manufacturing capacity.

Strategic Moves That Shaped FY26

Amber Enterprises was far from idle on the business development front this year. To bolster its Electronics Division, the company completed strategic stake purchases in Shogini Technoarts (PCB manufacturing), Power-One (solar inverters and EV chargers), and Unitronics (PLCs and HMI solutions).

On infrastructure, Amber Enterprises has secured land allotments of 100 acres and 16 acres for new manufacturing facilities near Jewar Airport in Uttar Pradesh. Additionally, the company has deepened its global ecosystem through a strategic alliance between ILJIN Electronics and Sumitronics Corporation (Japan) to enhance EMS solutions for the global market.

To support its strategic initiatives and deleverage its balance sheet, Amber Enterprises successfully completed a Qualified Institutional Placement (QIP) during the second quarter, raising approximately ₹1,000 crore.

Why Did Amber Enterprises Stock Fall 16-18%?

Despite solid Q4 numbers, Amber Enterprises shares crashed 18% to their intraday low on May 18, as investors turned cautious after the firm’s fourth-quarter results followed by an earnings call. (Upstox)

The key concerns that rattled markets were:

* Full-year reported PAT declined due to a JV-level loss from customer payment disputesA

– modified auditor opinion flagging unaudited subsidiary data in consolidated results

* Margin pressure in Q4 from commodity price surges and currency depreciation High debt-to-EBITDA ratio at 3.2x, limiting near-term return ratios

That said, Motilal Oswal Financial Services maintained a ‘Buy’ call on Amber Enterprises, noting that revenue and EBITDA expanded and that adjusted PAT rose 16% YoY.

FY27 Growth Outlook

Despite near-term pressures, Amber Enterprises is setting itself up for a robust FY27. Key milestones to watch include:

The start of trial production at the Hosur Ascent Circuits facility (expected Sep/Oct 2026), projected 40% revenue growth for the Electronics Division in FY27, the commencement of commercial production at the Sidwal Greenfield Facility in Q1 FY27, and the Yujin JV in H2 FY27. The Railway Sub-systems & Defence Division is targeting 30-35% revenue growth for FY27, backed by an order book of ₹2,600+ crore.

Q&A: Investor Questions Answeres

Q1. What was Amber Enterprises’ Q4 FY26 net profit?

Amber Enterprises reported a consolidated net profit of ₹134 crore in Q4 FY26, up 16% year-on-year from ₹116 crore in Q4 FY25.

Q2. What is Amber Enterprises’ total revenue for FY26?

The company posted full-year consolidated revenue of ₹12,186 crore in FY26, a 22% increase over FY25.

Q3. Why did Amber Enterprises shares fall after Q4 results?

The stock corrected due to a full-year PAT decline caused by JV-level losses, a modified auditor opinion on consolidated accounts, and investor concerns over rising debt and margin compression from commodity price spikes.

Q4. Which segment is growing fastest at Amber Enterprises?

The Electronics Manufacturing Services (EMS) division delivered 49% revenue growth in FY26, making it the fastest-growing segment, ahead of Consumer Durables (+14%) and Railway & Defence (+19%).

Q5. Is Amber Enterprises a good stock to buy after Q4 results?

Motilal Oswal has maintained a ‘Buy’ rating post results. However, investors should evaluate their own risk appetite, considering the high debt levels, auditor qualification, and near-term margin pressure before making any investment decision.

Final Verdict

Amber Enterprises closed FY26 with strong revenue momentum and a genuinely impressive Q4 quarter on an operational level. The company’s pivot towards Electronics, Railways, and Defence manufacturing is clearly paying off, with the EMS division emerging as a powerful new growth engine. However, JV-level losses, a modified auditor opinion, and a debt-heavy balance sheet are real concerns that the management must address transparently in FY27.

The next 12 months — with new facilities going live, the Jewar Airport land becoming operational, and the Electronics Division targeting 40% growth — will be a defining period for Amber Enterprises’ long-term value creation story.

Disclaimer

This blog does not provide financial, investment, or trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred